SAN
FRANCISCO, Aug. 8, 2024 /PRNewswire/ -- 3Degrees, a
leading global climate solutions provider and certified B
Corporation, announced the launch of its Supply Chain Emission
Reduction Agreement product. This innovative approach empowers
suppliers to deliver products with reduced emissions intensity,
helping organizations hit their scope 3 goals. This solution is
initially available for organizations in the food and apparel
industry with North American agricultural supply chains.
Food and apparel companies, particularly those with Science
Based Targets initiative (SBTi) goals, are seeking solutions to
reduce their scope 3 emissions. This is driven by exposure to
climate related risks and the opportunity to strengthen
relationships with suppliers, customers, and other
stakeholders. However, many of these companies are
constrained by limited resources and levers available to create
scalable outcomes.
Supply Chain Emission Reduction Agreements simplify and de-risk
investments in scope 3 emission reductions. 3Degrees partners with
upstream suppliers to source, finance, and develop emissions
reduction projects that deliver lower-emission products through a
pay-for-performance model that aligns with downstream purchasing
requirements. This service is part of 3Degrees' commitment to
providing scalable, impact-driven solutions supporting
organizations in their climate journey.
"Our close collaboration with food and apparel brands has
highlighted the pressing need for a simplified and de-risked
approach to upstream emissions interventions," stated John Bourne, Senior Director of Carbon Markets
and Agriculture at 3Degrees. "Our new service is tailored to
deliver a high level of customization, paving the way for broader
adoption of sustainable practices."
Over the last 15 years, 3Degrees has supported over 100
agricultural projects in North
America, and is responsible for over 33% of all carbon
credits issued from livestock projects during that time.
Collaborating closely with a multitude of leading food and apparel
brands, the company has gained extensive insights into the unique
challenges and opportunities within this sector.
Discover how Supply Chain Emission Reduction Agreements can help
you build a more resilient and climate smart agricultural supply
chain: Click here to learn more.
About 3Degrees:
3Degrees is a leading global climate solutions provider and
Certified B Corporation. Our work is driven by the need for urgent
climate action, and has been for nearly 20 years. We deliver a full
suite of clean energy and decarbonization solutions to help global
Fortune 500 companies, utilities, and other organizations achieve
their climate goals and address emissions in the fight against
climate change. The 3Degrees team brings a commitment to integrity
and deep expertise in climate strategy and implementation across
scopes 1, 2, and 3 emissions, including net zero, global
environmental commodities, renewable energy and carbon project
development, transportation decarbonization, as well as electric
and gas utility voluntary programs. We help develop and deploy
impactful climate solutions that make good business sense and
advance an equitable transition to the low-carbon future.
Contact:
Rachel Fagan
512.791.2083
381508@email4pr.com
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SOURCE 3Degrees